Taxes on international trade in Cyprus
Cyprus: Taxes on international trade was 14.90 million current LCU in 2019. ◆ Volatile
Taxes on international trade in Cyprus, 1972–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2019, taxes on international trade in Cyprus stood at 14.90 million current LCU.
That represents a change of up 231.1% on the previous year and up 2,028.6% over ten years.
Over the whole period, taxes on international trade in Cyprus peaked at 210.47 million current LCU in 1992 and was at its lowest, -1.30 million current LCU, in 2016.
That places Cyprus 135th out of 155 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.12 million current LCU | 13.57 million current LCU | 44.00 million current LCU | 8 |
| 1980s | 112.04 million current LCU | 56.28 million current LCU | 180.28 million current LCU | 10 |
| 1990s | 160.49 million current LCU | 100.00 million current LCU | 210.47 million current LCU | 10 |
| 2000s | 54.10 million current LCU | 300,000 current LCU | 130.70 million current LCU | 10 |
| 2010s | 3.38 million current LCU | -1.30 million current LCU | 14.90 million current LCU | 10 |
Countries ranked near Cyprus
More public sector data for Cyprus
- Arms imports 115.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.9% (2024)
- Taxes on income, profits and capital gains 26.1% (2024)
- Taxes on goods and services 29.1% (2024)
- Net investment in nonfinancial assets 2.4% (2024)
- Net lending (+) / net borrowing (-) 4.2% (2024)
- Interest payments 2.8% (2024)
- Grants and other revenue 9.8% (2024)
- Interest payments 3.1% (2023)
- Other taxes 3.3% (2024)
Frequently asked questions
- What is taxes on international trade in Cyprus?
- Taxes on international trade in Cyprus was 14.90 million current LCU in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Cyprus?
- The highest recorded value was 210.47 million current LCU in 1992.
- What is the lowest taxes on international trade recorded in Cyprus?
- The lowest recorded value was -1.30 million current LCU in 2016.
- How does Cyprus rank for taxes on international trade?
- Cyprus ranks 135th out of 155 countries with data for 2019.
- Is taxes on international trade rising or falling in Cyprus?
- Over the last ten years it is up 2,028.6%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on international trade (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.